PUBLISHER: Grand View Research | PRODUCT CODE: 1233236
PUBLISHER: Grand View Research | PRODUCT CODE: 1233236
The global bariatric beds market size is expected to reach USD 417.24 million by 2030 to expand at a CAGR of 5.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is primarily driven by the rising geriatric population, increase in disease burden, high unmet medical needs in emerging & low-growth economies, and increase in public & private healthcare expenditure to improve the number of beds to patient ratio.
The presence of Public-Private Partnerships (PPP) in the U.S., Europe, and the Middle East is anticipated to open new avenues for investments in the bariatric beds market. The Ministry of Health (MOH) of Turkey announced about 95,000 new hospital beds including bariatric beds are required by the year 2023. Also, rising funding by various government bodies and medical equipment manufacturers toward R&D is expected to promote market growth.
The adoption of innovative platforms from the manufacturers/traders for the sale of DME such as online portals that help end users find equipment/device that suits their requirements is anticipated to boost the sale of bariatric beds. Additionally, supportive technological infrastructure in the U.S., U.K., Germany, India, China, and Japan is expected to assist in the market growth during the forecast period.
An increasing number of obese people across the globe is anticipated to surge the demand for bariatric beds during the forecast period. For instance, as per the Harvard School of Public Health, nearly 40% of American adults aged 20 and above are obese. And around 71.6% of adults aged 20 and above are overweight, including obesity.